https://www.taxtmi.com/caselaws?id=756397 An appeal against a liquidator's decision under the Insolvency and Bankruptcy Code is subject to a 14-day limitation period under Section 42. A delay of 466 days was attributed to financial inability to approach the Tribunal, but that explanation was found unsatisfactory and unsupported by acceptable material. Applying the governing principles on condonation of delay, the Tribunal declined to extend the limitation period, and the appeal remained barred by limitation. en-us Tue, 23 Jul 2024 00:00:00 +0530 Fri, 02 Aug 2024 08:11:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756397 An appeal against a liquidator's decision under the Insolvency and Bankruptcy Code is subject to a 14-day limitation period under Section 42. A delay of 466 days was attributed to financial inability to approach the Tribunal, but that explanation was found unsatisfactory and unsupported by acceptable material. Applying the governing principles on condonation of delay, the Tribunal declined to extend the limitation period, and the appeal remained barred by limitation. Case-Laws Insolvency and Bankruptcy Tue, 23 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756397